The article contains that great Hayek quote :
By their very nature, governments never peacefully relinquish power. And if forcefully taking power out of their hands is out of the question, then the only way to do it is through “some sly, roundabout way introduce something they can’t stop.”
TLDR: No, bitcoin cannot be banned. This article does a good job explaining why.
"Banning gravity won't stop planes from falling from the sky".
Variations of this have been said by many smart economists. Honestly, its people like politicians that really convince me they have a god complex as well as a view of the state that resembles a false god.
A god complex is perhaps the most appropriate word to describe politicians.
For those that haven't read it, dergigi's post Implications of Outlawing Bitcoin is worth a read.
Excellent article and link. Just a few quotes
Thanks very much for drawing attention to another dergigi gem.
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As soon as people hear bitcoin they get all scared like u we were trying to sell them drugs
Bitcoin is freedom
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